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Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
Turnaround Professional Body
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Turnaround Professional Body

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Turnaround Management Association - Southern Africa

Turnaround Management Association - Southern Africa

Published in: Business, Economy & Finance
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  • 1. Jan van der Walt (Director: Certification) March 2010 Turnaround Management Association – Southern Africa (TMA-SA) Professional Body for Turnaround Professionals of all Disciplines after Launch of the Certification Programme The premier professional community dedicated to corporate renewal and turnaround management
  • 2.
    • 1. The turnaround industry in South Africa and the need for certification
    • Turnaround professional body
    • Turnaround professional body governance structures
    • 4. Turnaround professional qualifications and designations
    TMA-SA Presentations on Turnaround Certification
  • 3. Turnaround and TMA-SA:
    • Turnaround
    • About TMA-SA
    • Our members
    • Benefits to members
  • 4. TMA-SA represents members active in the 3 turnaround stages of the timeline of financial distress TURNAROUND TMA-SA’s Sector Involvement:
  • 5. TMA-SA is an organisation for corporate renewal *) professionals of all disciplines TURNAROUND *) Including business transformation, turnaround and business rescue Time Corporate Health and Decline Levels: Timeline of Financial Distress: Restoration of Corporate value: Corporate Renewal Levels: For CTP certification, a requirement is experience of companies suffering financial distress or in a financial crisis
  • 6.
    • Turnaround
    • About TMA-SA
    • Our members
    • Benefits to members
    Turnaround and TMA-SA:
  • 7. TMA-SA is in its 6 th year of operation
    • TMA-SA overview:
    • Non-profit association for corporate renewal *) professionals of all disciplines
    • International affiliate of TMA :
      • 9 000 members world-wide; since 1988
      • 45 chapters, including 32 in North America, and one each in Australia, Brazil, the Czech Republic, Finland, France, Germany, Italy, Japan, the Netherlands, Southern Africa, Spain, Taiwan and the UK, with a chapter in formation in China
      • License agreement provides for TMA-SA members to share in knowledge and networking of TMA
    • TMA-SA represents the Southern African region - South Africa, Swaziland, Lesotho, Namibia, Angola, Zimbabwe and Mozambique
    • Active policy of promoting BEE in terms of membership and Board and Exco structures
    • 70 members and growing
    • All members are bound to the TMA Code of Ethics
    *) Including business transformation, turnaround and business rescue ABOUT TMA-SA
  • 8. Our vision is to be recognised as the pre-eminent organisation of our kind in Southern Africa *) Including business transformation, turnaround and business rescue ABOUT TMA-SA TMA-SA vision TMA-SA will be recognised by the Southern Africa business community … as the pre-eminent organisation in which corporate renewal *) professionals from all disciplines … choose to associate, market their services, and develop their professional skills
  • 9. TMA-SA aims to make corporate renewal *) more successful *) Including business transformation, turnaround and business rescue ABOUT TMA-SA TMA-SA core purpose
    • The core purpose of TMA-SA is strengthening the economy through the restoration of corporate value
    • Restoration of corporate value enables economic growth by allowing distressed companies to continue in the economic mainstream, preserve jobs and pay taxes
    • TMA-SA aims to equip its members to restore corporate value through corporate renewal in the first three stages of corporate decline:
      • Improved business transformation of underperforming and turnaround of distressed businesses through:
        • Earlier and improved management-led correction by timeously acting on early warning signals, with the objective of avoiding creditors such as banks to intervene through workouts
        • More successful informal creditor workout, should problems worsen and become more acute, with the objective of avoiding Chapter 6 business rescue
      • More successful business rescue (Chapter 6 turnaround) of companies in financial distress, but economically viable, with the objective of avoiding liquidation
  • 10.
    • Turnaround
    • About TMA-SA
    • Our members
    • Benefits to members
    Turnaround and TMA-SA:
  • 11. Our members represent a community of professionals who share a common interest in strengthening the economy through the restoration of corporate value
    • Membership is open to corporate renewal *) professionals of all disciplines who:
    OUR MEMBERS The Board of Directors as the guardian of TMA-SA’s Code of Ethics reserves the right not to accept a membership application.
    • Manage, provide professional services to, and fund troubled companies
    • Govern, educate about and study the industries and disciplines of corporate renewal, business transformation, turnaround and business rescue
    • Across all the stages of corporate decline:
      • From emerging problems
      • To acute and worsening problems
      • To financially distressed, but economically viable
    *) Including business transformation, turnaround and business rescue
  • 12. Our members represent corporate renewal professionals of all disciplines
    • Disciplines of corporate renewal professionals represented:
    • Turnaround managers:
      • Corporate turnaround managers working in line management positions in turnaround situations
      • Interim turnaround managers
    • Service providers to troubled companies, and to their financiers:
      • Turnaround practitioners and consultants
      • Chapter 6 business rescue practitioners
      • Attorneys, accountants and financial advisors
    • Lenders to and investors in troubled companies:
      • Workout/restructuring executives of banks and Development Fund Institutions e.g. we have members from the large banks, IDC, Development Bank of Southern Africa, etc.
      • Investment executives of institutional investors, venture capital and private equity investors, Development Fund Institutions, etc.
    • Government, academics and students
    OUR MEMBERS
  • 13. TMA-SA has three membership categories
    • Regular – all those not listed below
    • Government – individuals who are in the employ of a governmental agency or who are members of a legislative body or who are judges
    • Academic – individuals who are engaged in the academic profession and who participate or contribute to the turnaround management business through their teaching, writing, research or other professional activities
    • Students – individuals who are attending a college or university full time, and who are interested in pursuing studies related to the turnaround management business
    OUR MEMBERS TMA-SA membership fee structure Paid Jan ( renewals only) Paid Jan – Mar (new members) Paid Apr - Jun Paid Jul - Sep Paid Oct – Dec inclusive of annual fees for next year Regular member R2 340 R2 600 R1 950 R1 300 R2 990 Government Academic R1 105 R1 228 R 921 R 614 R1 412 Full-time student R 325 R 361 R 271 R 181 R 415
  • 14.
    • Turnaround
    • About TMA-SA
    • Our members
    • Benefits to members
    Turnaround and TMA-SA:
  • 15. Benefits to members are entrenched in our mission Membership benefits Note: Benefits relating to insurance, medical aid, travel and accommodation are being developed Networking Promotion Knowledge Education BENEFITS TO MEMBERS *) Including business transformation, turnaround and business rescue Certification Mission TMA-SA’s mission is to serve as a forum for corporate renewal *) professionals from all disciplines … to promote high standards of practice, foster professional development and enhance the image of TMA-SA members
  • 16. Members see networking as the greatest benefit of TMA-SA
    • Networking:
    • TMA-SA provides a networking infrastructure and events for its members to meet, socialise, interact, communicate and contact each other
    View slideshows of events
    • Events:
      • Monthly socials, special events
    • Media:
      • Newsletter
      • See TMA-SA Events on web site
      • See TMA-SA News on our web site
    BENEFITS TO MEMBERS
  • 17. TMA-SA promotes its members and the corporate renewal industry
    • Promotion:
    • Promoting TMA-SA members as professionals committed to the highest standards of practice:
      • All members are bound to the TMA Code of Ethics
      • Each member has his/her own web page on the TMA-SA web site to market their services
      • See TMA member directory on web site
    • Promoting the image of TMA International as the premier professional community dedicated to corporate renewal:
      • Promotion to industry
      • Promotion to government
    • Media:
      • Web site www.tma-sa.com
      • Brochures
    BENEFITS TO MEMBERS
  • 18. TMA-SA equips its members with knowledge about the corporate renewal discipline and industry
    • Knowledge:
    • Knowledge capture and distribution of news, information, ideas and knowledge
    • Serving as a clearinghouse of information and research pertinent to turnaround management and the turnaround industry
    • Media:
      • Journal of Corporate Renewal (members only) – monthly turnaround knowledge update
      • See TMA-SA News on our web site
      • See TMA-SA Blog on internet
      • See TMA-SA Knowledge Base on our web site
    BENEFITS TO MEMBERS TMA-SA has been actively involved in shaping, debating and crafting the business rescue provisions contained in Chapter 6 of the Companies Act No. 71 of 2009.
  • 19. TMA-SA places great emphasis on helping members develop their professional skills
    • Education:
    • Fostering professional development opportunities for professionals of all disciplines
    • Fostering improved methodologies in raising standards of turnaround management, thereby enhancing the necessary competencies for successful practice
    • Current programmes:
      • Monthly TMA-SA lecture series
      • Papers at annual turnaround management conference at Wits Business School
    BENEFITS TO MEMBERS
  • 20. TMA-SA will introduce the Certified Turnaround Professional (CTP) and other professional qualifications in South Africa
    • Certification:
    • Under license from TMA and in partnership with Services SETA
    • Recognises professional excellence and provides an objective measure of expertise related to turnaround (informal sector and Chapter 6)
    • Applicants for Certified Turnaround Professional (CTP) certification must:
      • Meet stringent standards of education, experience and professional conduct
      • Pass a comprehensive examination in turnaround management, law (including Chapter 6), and finance/accounting
      • Maintain their credentials by obtaining continuing education credits
    BENEFITS TO MEMBERS
  • 21. Questions?
    • Register as a member:
    • www.tma-sa.com/members/tma registration.asp
    • Contact details for Susanne Braatvedt (Administrator):
    • Tel.: 082 950 2624
    • Fax: 086 592 3619
    • Web site: www.tma-sa.com
    • Email: [email_address]
    Turnaround Management Association – Southern Africa Director Certification: Jan van der Walt

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